Description
Book SynopsisThis book discusses a unique combination of best practices and lessons learned, including evaluation and transparency issues not found elsewhere in other texts. Given that P3s are evolving and changing, it contains the most up to date information and review of relevant sources. Other topics that have become more important are reviewed, including the value of benefit cost analysis and the appropriate discount rate to use for value for money analysis. Practices and policies are discussed throughout, highlighting efforts that could lead to successful outcomes. Although transparency is an issue discussed by many, this research indicates that greater transparency would lead to more publicly accepted P3s and ensure greater success.Given recent national news coverage of relevant topics, such as the Highway Trust Fund running out of money, President Obama's call for an infrastructure fund, and increasing Congressional interest and testimony, the content of this book is timely. A concurrent the
Trade ReviewAny nation’s ability to fully realize its competitive potential depends on making smart infrastructure choices. But we need a better understanding of the role of the public and private sectors, as well as the partnerships between them, to provide Americans with the infrastructure they need to build greater economic opportunity and create more and better jobs. This edited volume is rich with the kind of case studies, examples, and practices metro leaders are looking for in order to get stuff done today. -- Robert Puentes, Director, Metropolitan Infrastructure Initiative, Brookings Institution
Table of ContentsPrivate Financing of Public Transportation Infrastructure: Utilizing Public-Private Partnerships TABLE OF CONTENTS Chapter One: An Introduction to Private Sector Financing of Transportation Infrastructure Wendell C. Lawther and Lawrence L. Martin Chapter Two: Transportation Infrastructure Financing Public Private Partnerships (P3): What are They? How do They Work? Lawrence L. Martin Chapter Three: State Enabling Legislation for Public Private Partnerships Lawrence L. Martin and Joseph Saviak Chapter Four: Internationally Recommended Best Practices & Promising Practices in Transportation Infrastructure Financing Public Private Partnerships Lawrence L. Martin, Wendell C. Lawther, Graeme A. Hodge and Carsten Greve Chapter Five: Case Studies in Transportation Infrastructure Financing Public Private Partnerships Lawrence L. Martin and Wendell C. Lawther 1. Melbourne CityLink (Australia)—Graeme Hodge 2. Sidney Cross City Tunnel (Australia)—Graeme Hodge 3. Melbourne EastLink (Australia)—Graeme Hodge 4. Irish Road Projects 2005 – 2010 (Ireland)—Carsten Greve 5. London Underground Railroad (Subway) & the UK Experience (United Kingdom)—Carsten Greve 6. Ontario 407 Expressway Toll Road (Canada)—Lawrence L. Martin 7. Indiana Toll Road (United States)—Lawrence L. Martin 8. Kliplev-Søndeborg Motorway (Denmark)—Carsten Greve 9. N3 Toll Route Concession (South Africa)—Neil Tolmie and Wendell C. Lawther 10. Sea to Sky Highway (Canada)—Wendell C. Lawther Chapter Six: Evaluation of Public-Private Partnerships for Transportation Infrastructure Financing: Process & Goal Achievement Wendell C. Lawther Chapter Seven: Public Private Partnerships: Transparency and Accountability Issues Wendell C. Lawther Chapter Eight: The Role of the Private Sector in Effectively Educating Policymakers and the Public about Transportation P3s: Insights from Florida Leaders Joseph Saviak Chapter Nine: Avoiding Public Private Partnership Failure: Linking Transportation Infrastructure with Economic Development Owen M. Beitsch and Wendell C. Lawther Chapter Ten: Concluding Thoughts and Questions Wendell C. Lawther Appendix: Tools for use in Public-Private Partnerships for Transportation Infrastructure Financing Lawrence L. Martin and Wendell C. Lawther
